SUNNYVALE, Calif.--(BUSINESS WIRE)-- Nair & Co., the leader in international business expansion services has released tax and compliance updates for companies doing business in India, China and Canada.
India Liberalizes Foreign Direct Investment (FDI) in Retail, Civil Aviation and Broadcasting Sector
A limit of 51% FDI in multi-brand retail has been allowed; FDI of up to 49 % in scheduled and non-scheduled air transport services has been approved.
India Clarifies Approval Procedure for Foreign Non-Government Organisations to Establish Local Offices
The Reserve Bank of India (RBI) has clarified the approval process for foreign non-government organizations (NGOs) to establish local offices in India. Both government and non-government entities must apply to the RBI for prior permission for the establishment of local offices.
Canada and China Sign Investment Treaty to Protect Investors from Arbitrary Government Actions
The key provisions of the Canada-China Foreign Investment Promotion and Protection Agreement (Canada-China FIPA) are expected to include more governmental transparency in regards to laws and decisions that impact investors and ability to transfer funds more easily.
For more information about doing business overseas or specific International Tax, HR, Compliance or Legal issues please contact us at http://www.nair-co.com/global-offices.aspx
About Nair & Co.
Nair & Co. provides you with your one touch outsourced finance, HR, legal and compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com.
Source: Nair & Co.